December 5, 2018
The Bank of Canada (BOC) kept rates on hold today given the impact that falling oil prices, slowing global growth and stabilizing housing markets are having […]
October 24, 2018
As expected the Bank of Canada (BOC) increased the prime lending rate today by 25bps. That means prime is now 3.95% or slightly higher, depending on […]
September 25, 2018
In my last blog post titled Credit, Income, Net Worth – What’s Most Important to Lenders – I touched on how the new mortgage rules have […]
September 21, 2018
With the significant changes in the mortgage rules since 2016, I thought it would be a good idea to go back to the basics and talk […]
September 5, 2018
To the surprise of 50 per cent of economists, the Bank of Canada (BOC) left the prime rate unchanged today. Two key factors kept the bank […]
July 11, 2018
The Bank of Canada (BOC) increased the prime rate by 25bps today which means prime will now be 3.7% with most lenders by the end of […]